Linamar Co. (TSE:LNR) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Linamar Co. (TSE:LNR) have received an average rating of “Moderate Buy” from the six analysts that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$111.67.

LNR has been the subject of a number of research analyst reports. Scotiabank boosted their target price on shares of Linamar from C$102.00 to C$114.00 and gave the stock a “sector perform” rating in a research note on Thursday. TD raised their target price on Linamar from C$119.00 to C$123.00 and gave the stock a “buy” rating in a report on Thursday. Raymond James Financial lifted their price target on shares of Linamar from C$90.00 to C$100.00 and gave the stock a “market perform” rating in a research report on Thursday, May 7th. Canadian Imperial Bank of Commerce boosted their price objective on Linamar from C$115.00 to C$120.00 in a research report on Thursday. Finally, Scotia upped their target price on shares of Linamar from C$96.00 to C$99.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 7th.

Linamar Trading Up 1.8%

Shares of LNR opened at C$105.87 on Friday. The stock has a fifty day moving average price of C$102.50 and a two-hundred day moving average price of C$94.81. The company has a debt-to-equity ratio of 32.89, a quick ratio of 0.75 and a current ratio of 1.88. Linamar has a 52-week low of C$70.00 and a 52-week high of C$108.29. The company has a market cap of C$6.24 billion, a price-to-earnings ratio of 10.08, a PEG ratio of 1.12 and a beta of 1.71.

Linamar Company Profile

Linamar Corp is a diversified global manufacturing company of highly engineered products. The Company’s Industrial segment operates the Skyjack and MacDon brands, It manufactures products for the Aerial Work Platform and Agricultural industries, respectively. The Mobility segment features vertically integrated operations to combine expertise in light metal casting, forging, machining and assembly of components and systems for electric and traditional vehicle applications. In addition, McLaren Engineering and eLIN Product Solutions Group provide design, development, and testing services for the Mobility segment.